The Virgin Megastore in West Hollywood will be closing early next year and its highly likely the Gotham outlet will follow.
Rent increases are being given as the key reason the CD-DVD-book outlets are about to pack it in. The L.A. store is likely to shutter at the end of January; New York’s Union Square Megastore will follow a year later.
The chain was recently sold to a real estate conglomerate. The Hollywood and Times Ssquare outlets will remain open for the time being — both locations have a “theme store”-like vibe, meaning that you can go in and remember what it was like to go into a store to buy music.